JSW Steel Q4 Results: The steel major's net profit zoomed 1,717 per cent in the March quarterSteel major JSW Steel announced its January-March quarter results for the financial year 2020-21 on Friday, May 21, reporting its highest ever quarterly net profit at Rs 4,198 crore, driven by robustdomestic demand as well asexports and improved steel prices.
According to a regulatory filing by the company to the stock exchanges, the net profit stood at Rs 231 crore in the corresponding quarter of the previous fiscal on a consolidated basis.
The company's net profit in the March quarter zoomed1,717 per cent on a year-on-year basis.(Also Read:JSW Steel Reports Steel Production At 13.71 Lakh Tonnes)On Friday, May 21, share price of JSW Steel settled 0.50 per cent higher at Rs 697.80 apiece on the BSE.
On Friday, JSW Steel opened the trading session at Rs 701, touching an intra day high of Rs 706.40, and an intra day low of Rs 694.95 on the BSE, throughout the trading session.